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The decision came three days after Saudi Arabia confirmed during an OPEC meeting that it intends to persist in allowing oil prices to be determined by supply and demand, rather…
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DOI: 10.1108/OXAN-DB211580
ISSN: 2633-304X
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Geographic
Topical
The failure of OPEC+ talks in March aiming to agree a response to reduced demand because of COVID-19 resulted in a price war and aggressive Saudi plans to ramp up output. State…
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DOI: 10.1108/OXAN-DB251800
ISSN: 2633-304X
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Geographic
Topical
Resurgent interest from international oil companies (IOCs) in upstream investment offers an opportunity to accelerate development of Iraq’s underexploited oil and gas reserves but…
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DOI: 10.1108/OXAN-DB270918
ISSN: 2633-304X
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Both moves reflect the determination of de facto ruler Crown Prince Mohammed bin Salman to assert his strength. Internally, he renewed his dominance of the ruling family, against…
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DOI: 10.1108/OXAN-DB251285
ISSN: 2633-304X
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Geographic
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This comes amid a growing divergence between the two countries on oil policy, economic diversification and the conduct of regional affairs, including in Yemen. It forms a strong…
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DOI: 10.1108/OXAN-DB262973
ISSN: 2633-304X
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Geographic
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This follows the successful issuance of 7.5 billion dollars of bonds by the Saudi government on January 9 -- a signal of confidence from global financial markets after the…